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Sep 27, 2012
09/12
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today, the spanish government presented its new budget, which includes $51 billion in spending cuts. the government also plans to borrow nearly $4 billion from the country's pension reserves to cover liabilities. what's clear is the euro-zone's crisis isn't going away soon. >> it's probably going to be another six, 12, 18 months before its finally resolved. and by "resolved," i mean they consolidate into some kind of fiscal coalition, and maybe there's some kind of debt mutualization and what have you. so, we are still quite a ways away from that. >> reporter: at today's event, monti was asked whether he thinks greece will eventually leave the e.u. he said no, but didn't discount the possibility entirely. >> i believe that were it to happen, it would be damage to the whole system. >> reporter: monti said he won't run for re-election, but he didn't completely close the door on another term. he was appointed prime minister by the italian president, and says if the president wants to reappoint him, he would consider serving another term. erika miller, nbr, new york. >> tom: this week, w
today, the spanish government presented its new budget, which includes $51 billion in spending cuts. the government also plans to borrow nearly $4 billion from the country's pension reserves to cover liabilities. what's clear is the euro-zone's crisis isn't going away soon. >> it's probably going to be another six, 12, 18 months before its finally resolved. and by "resolved," i mean they consolidate into some kind of fiscal coalition, and maybe there's some kind of debt...
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Oct 3, 2012
10/12
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KQED
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and he wants states to take the lead, not the federal government. there are now 47 different federal training programs, and romney calls that duplication a waste. >> all that money, all that overhead-- what i want to do is take those dollars and bundle it up, send it back to nevada and say, "you train your people for the jobs the people of nevada need and want." >> reporter: most of those 47 programs are very small and they're aimed at groups like veterans and the poor. governor romney would replace them with a fixed grant of money to each state. that would give states more flexibility. but that funding would come with some risk. >> in the end, it often becomes an excuse just for cutting resources, and we've already cut resources so dramatically in this area. the cuts are as steep as 90% compared to 30 years ago when these programs peaked. >> reporter: when congress gets back to budget talks next year, there's a good chance job training will be cut even further. but there is bipartisan agreement that the money we do spend on job training should be u
and he wants states to take the lead, not the federal government. there are now 47 different federal training programs, and romney calls that duplication a waste. >> all that money, all that overhead-- what i want to do is take those dollars and bundle it up, send it back to nevada and say, "you train your people for the jobs the people of nevada need and want." >> reporter: most of those 47 programs are very small and they're aimed at groups like veterans and the poor....
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Sep 26, 2012
09/12
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WETA
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the government says in august americans purchased new homes at a seasonally adjusted rate of 373,000. that was down slightly from july, but up nearly 28% from august of last year. subkowiak thinks many buyers were hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are doing spec homes, so lot prices have gone up significantly in the last ten months. >> reporter: new home prices are also rising. the commerce department said last month alone they were up more than 11%. but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kin
the government says in august americans purchased new homes at a seasonally adjusted rate of 373,000. that was down slightly from july, but up nearly 28% from august of last year. subkowiak thinks many buyers were hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are...
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Oct 2, 2012
10/12
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KQEH
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a government incentive that encourages doctors to put down their pen and paper will be smaller after this week. over the past three years certain medicare and medicaid doctors have been able to get as much as $64,000 to switch to electronic medical records. one san francisco company has seen its business grow thanks to the change in how doctors keep track of their patients. ruben ramirez reports. >> reporter: uptown, downtown and everywhere in between, nurse practitioner denis tarrant is always on the go. he's the founder of manhattan house calls. seeing patients in their homes is his business. >> let's see how your blood pressure is doing today. >> reporter: tarrant uses technology from practice fusion. the transition from paper files to electronic records hasn't just lightened his briefcase. >> it has helped me to organize my data more succinctly. it allows to give me more patient time instead of flipping through paper time and at the end of the day the patient really benefits from having the e.m.r. >> reporter: across the country adoption of electronic medical records by doctors a
a government incentive that encourages doctors to put down their pen and paper will be smaller after this week. over the past three years certain medicare and medicaid doctors have been able to get as much as $64,000 to switch to electronic medical records. one san francisco company has seen its business grow thanks to the change in how doctors keep track of their patients. ruben ramirez reports. >> reporter: uptown, downtown and everywhere in between, nurse practitioner denis tarrant is...
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Sep 28, 2012
09/12
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KRCB
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regulator: direct government oversight of officials in charge of setting the rates. >> tom: this week we've been taking you to trading pits from new york to chicago hearing what traders say about the upcoming presidential ection. tonight, it's the livestock futures pit in chicago. here's diane eastabrook. >> reporter: the summer drought has unleashed a bear market for livestock. cattle and hog prices have tanked as farmers slaughter herds to avoid high feed prices. >> we certainly need a rally. >> reporter: livestock trader tres knippa has been keeping a closer eye on cattle prices than on the presidential election. knippa doesn't see huge policy changes coming out of washington from either candidate and he's not sure that's such a bad thing. >> often times the economy and the market doesn't want a big change-- just everybody leave things where they are, figure out what the rules are and move forward. farm policy and agriculture policy may fall into just that. we're not going to see any big changes in the next two, four years so we have a framework to operate from there. >> reporter:
regulator: direct government oversight of officials in charge of setting the rates. >> tom: this week we've been taking you to trading pits from new york to chicago hearing what traders say about the upcoming presidential ection. tonight, it's the livestock futures pit in chicago. here's diane eastabrook. >> reporter: the summer drought has unleashed a bear market for livestock. cattle and hog prices have tanked as farmers slaughter herds to avoid high feed prices. >> we...
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Oct 3, 2012
10/12
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WMPT
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we'll see the official government numbers on friday. despite the stubbornly higher unemployment rate and millions of people looking for work, a common challenge cited by companies across industries is not finding qualified workers. that's one of the reasons we're looking at job training efforts this week. sean kearney is headed out to fix an air conditioner. it's part detective work, part technical know-how, know-how kearney received while on the job at good air in hollywood, florida. >> with the training they provided it just gave me a whole new life and a whole new vigor and ready to go and, uh, and i am learning something new every day just like when i started with heat and air. >> reporter: kerney's employer, good air, used a program from workforce one, a federally funded group based in broward county, florida. in this program you start with a job. mason jackson is the c.e.o. >> quite frankly once employers have made the investment in you and they've decided you're a good employee and they want to keep you on, it's actually to their
we'll see the official government numbers on friday. despite the stubbornly higher unemployment rate and millions of people looking for work, a common challenge cited by companies across industries is not finding qualified workers. that's one of the reasons we're looking at job training efforts this week. sean kearney is headed out to fix an air conditioner. it's part detective work, part technical know-how, know-how kearney received while on the job at good air in hollywood, florida. >>...
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Sep 26, 2012
09/12
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KQED
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and a european central bank member said his agency would not help restructure greek government debt. also weighing on stocks today, high anxiety about third-quarter earnings. u.s. corporate profits have outpaced the broader economy since the end of the great recession, but profits warnings yesterday from caterpillar, and recently from intel, fedex and burberry, suggest the boom in earnings is finally beginning to fizzle. suzanne pratt takes a closer look at how the numbers are shaping up for third quarter and beyond. >> reporter: the start of reporting season for corporate america is still two weeks away, but already on wall street, the worrying about profits is heating up. and it sounds like investors have good reason to be nervous. after all, analysts predict companies in the s&p 500 will see earnings drop an average of 2% in the third quarter. if that happens, it will be the first such decline in three years. tough comparisons are partly responsible, as last year's third quarter was one of the best ever. on top of that, however, global demand remains weak. >> i think we're just se
and a european central bank member said his agency would not help restructure greek government debt. also weighing on stocks today, high anxiety about third-quarter earnings. u.s. corporate profits have outpaced the broader economy since the end of the great recession, but profits warnings yesterday from caterpillar, and recently from intel, fedex and burberry, suggest the boom in earnings is finally beginning to fizzle. suzanne pratt takes a closer look at how the numbers are shaping up for...